Here we go again.
The financial crisis of 2007-2008 was one of then-Senator Obama’s top campaign talking points in the 2008 presidential election. Democrats claimed that “big banks and their Republican puppets” were responsible for the irresponsible financial behavior that brought about the burst of the housing bubble and subsequent financial market crash.
In reality, it was Democratic policies that were responsible for the mirage of a booming housing market in the early 2000s.
Despite the insistence by Democrats and the mainstream media that the Community Reinvestment Act (CRA) had nothing to do with the 2007-2008 crash, the evidence tells us otherwise.
A 2012 study by the respected, nonpartisan National Bureau of Economic Research (NBER) found that in spite of claims to the contrary, CRA did lead to riskier lending behavior on the part of banks.
Fast-forward to 2016 and yet another Democrat is pushing more stringent adherence to CRA.
To read about how President Obama wants banks to engage in these risky loans yet again, and why financial experts warn that his plan would “open the floodgates” and send us right back into economic crisis, continue reading on the next page:
Nope that won’t work
F**k you Obama because no one is buying.
he is a muslim traitor
WHEN is this idiot going to get gone???!!!
learns ? oh hell its all part of his plan…..
Obama wants to all that is possible to make an ecomnomic crash in USA impossible to recover from
Failed I lost my job because of you in 2009 and had to find another career Obama you are the biggest failure this country ever had people just voted because they wanted to make history. They could have done it with someone else.. I wish we could audit the government and lock them up for spending tax prayers money in the wrong way a 5000 dollar lunch is a little to much. Rebuilding Iraq for billions is a little much how are we spending more now then ever when were broke!
She’s just another obama we don’t want another obama in office
That is just what obama wants. More people that depend on the government.
Overwhelm the system has been his plan ………… Francis Fox Piven is another idol of his and those are her words